Putin Urges Russia to Consider Export Restrictions on Bulk Commodities Amid Western Sanctions

Published: Sep 12, 2024 09:01

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[SMM Flash News] Russian President Putin has asked the government to consider whether it is necessary to restrict the export of bulk commodities such as nickel, titanium, and uranium in retaliation for Western sanctions. Earlier, after the implementation of sanctions by the United States and the United Kingdom, the London Metal Exchange banned the acceptance of newly produced Russian nickel and aluminum in April, but Russia sold most of its output to end users. "I am not saying we must do this tomorrow, but we can consider imposing certain restrictions on supplies to foreign markets, not only for the commodities I mentioned, but also for some other commodities," Putin said.

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